These days, the increasing conflict between America, Israel and Iran has increased the heartbeats of stock and commodity markets around the world. Amidst this sound of war, investors have once again turned to the same old and trusted place, which is called ‘safe-haven’ i.e. gold, to keep their money safe. The result of this is that today, on March 6, 2026, a strong rise in the prices of gold and silver has been seen again.
Market trend reversed in a single day
If we look at the latest data of the domestic futures market i.e. Multi Commodity Exchange (MCX), the situation is quite surprising. After seeing a slight decline the previous day, today suddenly there was a flood of buyers in the market. On Friday, a direct and big jump of Rs 1302 was seen in the price of gold on MCX. With this surge, the price of 10 grams of gold has reached a new peak of Rs 1,60,975.00. At the same time, if we talk about silver, its speed seems to be faster than gold. The price of silver has reached the level of Rs 2,67,822.00 per kg with a huge increase of Rs 5631.00.
There was a stir in foreign markets also
This boom is not limited to Indian markets only. The shine of the yellow metal has become brighter in the early trading of Asian markets and also in international forums. Today, gold has made a strong jump of 1.16 percent on the global market COMEX and has crossed the magical figure of $ 5,137.70 per ounce. Silver is also not lagging behind in this race; A huge increase of 2.27 percent has been recorded in it, after which its price is trading at the level of $ 84.05 per ounce. This attitude of foreign markets confirms that the demand for gold is at its peak across the world.
Got relief a day ago
This current trend of the bullion market is even more surprising because just a day ago i.e. on Thursday the picture was completely opposite. According to the data of India Bullion Jewelers Association (IBJA), heavy selling was seen in the bullion market yesterday. There was a huge fall of Rs 1,962 in the price of 24 carat purity gold, after which the price came down to Rs 1,60,586 per 10 grams. Similarly, 22 carat gold was sold at Rs 1,47,097 and 18 carat gold at Rs 1,20,440 per 10 grams. The biggest blow was to silver yesterday, whose price fell by Rs 7,135 per kg in a single day and the price closed at Rs 2,64,212. Yesterday also on MCX, gold closed down by 0.15% and silver by 0.12%.
Is it right to invest now?
The way the prices of gold and silver have fallen in the last 24 hours, it has left common buyers and families thinking of getting jewelry made in great confusion. On one hand the prices had fallen rapidly yesterday, whereas today they are rising at the same speed. History is witness to the fact that whenever tension increases between two countries, gold prices skyrocket. But this excessive fluctuation is a matter of concern for the common investor. In such a situation, the biggest question is whether this heat of war will make gold more expensive, or will its shine fade and prices will come down when the situation becomes normal in the coming days? Experts believe that at present the market is completely dependent on the trend of news coming from the Middle East. If the war intensifies then we may see a rise in the prices, but if the conditions are right then we will definitely see a softening in the prices.